DOB: News Bulletin 1791 - June 19, 1998

The Department of Banking News Bulletin

Bulletin # 1791
Week Ending June 19, 1998

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to John P. Burke, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.


STATE BANK ACTIVITY
Branch Activity

Section 36a-145 of the Connecticut General Statutes requires that each application for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Bank Examination Division, (860) 240-8180.
Note
: dates are listed in month/day/year format.

Date Bank Location Activity
6/15/98 Citizens Bank
  of Connecticut
New London
816 Long Hill Road
Groton, CT 06340
approved
6/15/98 Citizens Bank
  of Connecticut
New London
568 East Main Street
Branford, CT 06405
approved
6/15/98 Citizens Bank
  of Connecticut
New London
430 Foxon Road
East Haven, CT 06512
approved
6/15/98 Citizens Bank
  of Connecticut
New London
263 Hemingway Avenue
East Haven, CT 06513
approved
6/15/98 Citizens Bank
  of Connecticut
New London
1717 Foxon Road
North Branford, CT 06471
approved
6/16/98 Litchfield Bancorp
Litchfield
*FROM: 16 Bird Street
            Torrington, CT 06790
*TO:     1320 East Main Street
            Torrington, CT 06790
approved to
relocate
* Limited Branch

ACQUISITION AND MERGER

On June 16, 1998, New England Community Bancorp, Inc., a bank holding company with its principal place of business in Connecticut, its wholly-owned subsidiary, New England Bank & Trust Company, a Connecticut-chartered bank and trust company, and Bank of South Windsor, a Connecticut-chartered bank and trust company, filed an application pursuant to Sections 36a-184 and 36a-125 of the Connecticut General Statutes for the merger of Bank of South Windsor with and into New England Bank & Trust Company. In connection with the application, New England Bank & Trust Company and Bank of South Windsor also have filed a community reinvestment plan which is available for public inspection and comment at the Department of Banking for a period of 30 days.

SECTION 36a-425 APPLICATION

On June 17, 1998, an application was filed by KeyCorp to establish an office of its subsidiary, Champion Mortgage Co., Inc., at 2139 Silas Deane Highway, Rocky Hill, Connecticut.

Dated: Tuesday, June 23, 1998

John P. Burke
Banking Commissioner